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RESOLUTION N0. 933 <br />A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION <br />AUTHORIZING ITS STAFF TO ENTER INTO <br />EXCLUSIVE NEGOTIATION PERIODS WITH POTENTIAL DEVELOPERS <br />WHEREAS, I.C. 36- 7 -14 -12 authorizes the Redevelopment Commission <br />to sell, lease, rent or otherwise dispose of real property acquired <br />for use in the redevelopment of blighted areas; and <br />WHEREAS, I.C. 36- 7 -14 -22 sets forth the procedure for the public <br />sale and lease of real property by the Commission; and <br />WHEREAS, I.C. 36- 7- 14 -22(h) provides that if parcels of land <br />remain unsold after the Commission has opened and considered written <br />offers to purchase filed in response to the Commission's notice of <br />sale, the Commission may dispose of the property through private <br />negotiations conducted by the Commission or its regular employees; <br />and <br />WHEREAS, it is the Commission's practice to <br />exclusive negotiation period agreements with de, <br />interest in developing such unsold parcels when <br />fir+' result in a contract with the developer for the <br />for private redevelopment. <br />NOW, THEREFORE, BE IT ORDAINED by the South <br />Commission as follows: <br />enter into 60 -day <br />velopers who express <br />doing so is likely to <br />sale of the parcels <br />Bend Redevelopment <br />SECTION I. The Director of the Redevelopment Department is <br />hereby authorized to enter into 60 -day exclusive negotiation period <br />agreements with developers for parcels of land remaining unsold after <br />the Commission has opened and considered written offers to purchase <br />filed in response to the Commission's notice of sale and such parcels <br />have remained unsold when, in the Director's opinion, such agreements <br />are likely to result in contracts with the developers for the sale of <br />the parcels for private redevelopment. <br />SECTION II. Adopted at a regular meeting of the South Bend <br />Redevelopment Commission on May 11, 1990. <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />F JAY NIMTZ, PR DENT <br />ATTEST: <br />Roman Piasec i <br />Secretary <br />rw R3RN:R- NEGOTIATIONS <br />